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Unlike other countries in the region where construction accounts for the lion’s share share of projects, Qatar is instead dominated by transportation projects.
“It is not construction sector which holds major projects in Qatar,” said Ed James, head of Meed insight, at the Meed 2013 Qatar Conference held at the Grand Hyatt in Doha recently.
“The transportation sector has the major projects in the country, as a lot of infrastructure developments are done in connection with the upcoming World Cup in 2022.
“There are $90bn worth of planned and announced projects still to be awarded. The transportation sector takes a lion’s share of leading projects in the country, with the metro rail, expressway and Doha Bay initiatives. In addition, many major projects also could be awarded this year,” said James.
Qatar is the third-largest projects market among the GCC countries behind Saudi Arabia and the UAE, according to the Meed Insight projects forecast for the GCC countries.
Speaking about upcoming projects in Qatar, James said that all sectors had enjoyed exceptional growth in the last decade.
